Head - IFC, Projects

Voltas Limited - A TATA Enterprise; Mumbai; On-site; INR 2,500,000 - 4,200,000; Full time

Job summary

Voltas Limited, a Tata Enterprise, seeks a seasoned IFC leader to head internal financial controls for the Projects Business in Mumbai. The role focuses on governance, risk management, and regulatory alignment across project operations.

You will design and enhance the IFC framework, drive automation, and coordinate with finance and internal audit to close gaps and strengthen the control environment.

Responsibilities

• Lead the Internal Financial Control (IFC) function for the Projects Business, ensuring robust financial governance and compliance across all project operations.
• Design, implement, and continuously enhance the internal financial control framework, aligning with organizational objectives, regulatory requirements, and evolving business needs.
• Provide strategic direction to IFC across divisions, ensuring standardization and effective execution of control mechanisms in coordination with business finance and internal audit teams.
• Oversee identification and mitigation of financial and operational risks across project lifecycles, and establish proactive control measures.
• Drive governance reviews and control effectiveness assessments, ensuring timely identification of gaps and closure through structured action plans.
• Lead the automation and digital transformation agenda for IFC, including system-driven controls, dashboards, and analytics through SAP, BI tools, and other technologies.
• Ensure continuous improvement of SOPs, RCMs, and control frameworks in line with changes in business processes, project structures, and regulatory landscape.
• Review and monitor control dashboards and key risk indicators, and lead governance discussions with senior stakeholders to address critical gaps.
• Provide periodic updates and insights to senior management and leadership, including CFO-level stakeholders, on control maturity, risks, and improvements.
• Partner with internal and external auditors, ensuring smooth audit processes, timely closure of observations, and strengthening of control environment.
• Lead, mentor, and build a high-performing IFC team, fostering capability development and a culture of compliance across the organization.

Job description

• Lead the Internal Financial Control (IFC) function for the Projects Business, ensuring robust financial governance and compliance across all project operations.
• Design, implement, and continuously enhance the internal financial control framework, aligning with organizational objectives, regulatory requirements, and evolving business needs.
• Provide strategic direction to IFC across divisions, ensuring standardization and effective execution of control mechanisms in coordination with business finance and internal audit teams.
• Oversee identification and mitigation of financial and operational risks across project lifecycles, and establish proactive control measures.
• Drive governance reviews and control effectiveness assessments, ensuring timely identification of gaps and closure through structured action plans.
• Lead the automation and digital transformation agenda for IFC, including system-driven controls, dashboards, and analytics through SAP, BI tools, and other technologies.
• Ensure continuous improvement of SOPs, RCMs, and control frameworks in line with changes in business processes, project structures, and regulatory landscape.
• Review and monitor control dashboards and key risk indicators, and lead governance discussions with senior stakeholders to address critical gaps.
• Provide periodic updates and insights to senior management and leadership, including CFO-level stakeholders, on control maturity, risks, and improvements.
• Partner with internal and external auditors, ensuring smooth audit processes, timely closure of observations, and strengthening of control environment.
• Lead, mentor, and build a high-performing IFC team, fostering capability development and a culture of compliance across the organization.